The number of XRP wallets holding more than 1 million tokens has increased steadily since the start of the year, even as the token’s price has declined slightly, a trend that analysts say could indicate improving long-term confidence in the asset.
Most important key points:
- XRP “millionaire” wallets are on the rise again despite a slight drop in price, indicating renewed long-term confidence among the coin’s major holders.
- Whale accumulation has rebounded after a sharp decline in the fourth quarter, with 42 large holdings returning since January.
- Blockchain data shows growing interest from “sophisticated investors.”
According to Santiment data, the price of
In an article published on Wednesday, Santiment said this was the first sustained increase in the number of significant holders of XRP since September.
Santiment data showed the return of XRP whale wallets after a strong exodus in the fourth quarter.
Traders closely monitor the behavior of large investors, who often view the accumulation of assets by wealthy individuals as a sign of long-term contentment.
Santiment noted that 42 additional wallets containing over 1 million XRP have “returned to the network” since January 1.
The previous quarter saw a sharp decline, with the disappearance of 784 millionaires’ portfolios between October and December, highlighting the importance of the recent rise.
At current prices, the threshold to join the XRP millionaires club is still high.
While XRP is trading at around $1.87 at press time, holdings of one million tokens are worth around $1.87 million, based on data from CoinMarketCap.
The price of XRP has fallen slightly by -4% since the start of 2026, but the number of “millionaire” wallets is increasing for the first time since September. A net of +42 wallets with at least 1M $XRP have returned to the ledger, an encouraging sign for the long term. pic.twitter.com/nmB4hCxtZO
–Santiment (@santimentfeed) January 28, 2026
Santiment described the resumption of upside as an “encouraging long-term sign,” especially given the market’s generally cautious tone.
Other blockchain indicators seem to support this view. Data from Nansen shows that XRP accumulation by “smart money” traders, i.e. wallets associated with the most profitable traders in the market, increased by 11.55% over the last 30 days.
However, analysts remain divided on the near-term outlook for XRP.
Crypto trader CW said in an article on
The price of XRP has increased by around 1.3% over the past month, according to CoinMarketCap.
Possibility of XRP price rally increases as analysts warn of regulatory risks
More broadly, asset management firm 21Shares recently highlighted XRP’s history of long accumulation phases followed by hacks, saying greater regulatory clarity and institutional interest could leave the network well-positioned for further gains.
While others call for caution. Pav Hundal, chief analyst at Swyftx, warned that XRP’s price rise could become too dependent on media dynamics and market narratives, adding that any surprises related to the US CLARITY Act voting process could pressure prices in the short term.
Besides XRP, market indicators indicate a challenging environment for altcoins. The CoinMarketCap Altcoin Season Index shows Bitcoin with a score of 31 out of 100, showing that Bitcoin has outperformed most major altcoins over the past 90 days.
Meanwhile, the Fear and Greed Index for cryptocurrencies read “Fear” at 26 on Thursday, reflecting continued investor caution in the digital asset market.
The post Number of ‘millionaire’ XRP wallets increases despite slight drop in price: Sentiment appeared first on Cryptonews Arabic.
